Civilian Labor Force in Alabama
Annual, Not Seasonally Adjusted
LAUST010000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,346,989.00
Year-over-Year Change
7.04%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides crucial insights into the overall health of the labor market and is a key indicator used by policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period. This metric is important for understanding long-term employment trends and assessing the strength of the economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This unemployment rate is widely used by the Federal Reserve, government agencies, and private sector analysts to inform economic policy decisions and market assessments.
Key Facts
- The annual, not seasonally adjusted unemployment rate reached a high of 9.6% in 2010.
- This metric has shown steady improvement since the Great Recession, declining to 3.7% in 2019.
- Historically, the annual, not seasonally adjusted unemployment rate has been higher than the seasonally adjusted version.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a crucial indicator of the overall health of the labor market and the broader economy. It provides important insights for policymakers, economists, and market analysts to inform economic decisions and assessments.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual, not seasonally adjusted unemployment rate is widely used by the Federal Reserve, government agencies, and private sector analysts to inform economic policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, but it provides a comprehensive view of long-term employment trends in the United States.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST010000000000006A), retrieved from FRED.